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Q2 AgentPulse survey: Low inventory is greatest challenge

Housing Wire

Taking the top spot as the greatest challenge was low inventory , with nearly half (49%) of respondents ranking that as their biggest challenge. Some agents also reported that they show their seller clients what other sellers in the area were offering in terms of buy-side commissions.

Inventory 420
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FSBO Sellers Regret Not Having an Agent

Empire Appraisal Group

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78
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Mr. Cooper to acquire Home Point Capital for $324M in cash

Housing Wire

The transaction will ultimately result in the seller shutting down operations. The companies expect the deal to close in the third quarter of 2023, and after onboarding of Home Point customers, Mr. Cooper will shut down the seller operations. billion in 2022, a 71.6% decline compared to 2021.

Legal 397
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The current REO market requires an expansion of services for business growth

Housing Wire

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls.

Business 406
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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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9 tips for homebuyers in non-disclosure states

Housing Wire

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller.

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DataDigest: The remarkably resilient agent commission rate

Housing Wire

Relatedly, discount brokerages have promised big savings to sellers for decades. Two forces could quickly change the calculus – inventory shortages and strong demographics demand, as well as the specter of class-action lawsuits that attack the traditional agent commission structure. They were wrong. They’ve never caught on.

Agents 410